CORRYVILLE - University of Cincinnati officials announced Wednesday that Fritz Russ, dean of the College of Business, will move to a new position to help the 34,400-student school increase revenue and enrollment.

UC spokesman Greg Hand said Fritz will become senior vice provost for program development and budgeting on Friday, and that by the same day, an interim dean for the College of Business will be announced.

Hand said in the last three years, state aid to the university has dropped from $160 million to $140 million annually.

He said Russ has "substantial experience in the areas of improvement we need" in marketing, enrollment and entrepreneurial growth.

In the last decade the university has spent more than $1 billion to renovate and expand classrooms and student residences on the 194-acre campus.